Tuesday, August 9, 2022

PK-Economy

SECP holds roundtable to revamp bancassurance regulatory framework

The Securities and Exchange Commission of Pakistan (SECP) held a roundtable to seek stakeholders’ suggestions and recommendations to revamp the 2015 bancassurance regulatory framework to achieve market development, enhance insurance penetration and protect policyholders’ interests. A large number of representatives...

Pakistan Budget 2019-20: Significant proposed amendments

By Ashfaq Tola   Amendments in Income Tax Ordinance, 2001 1. RULES FOR PERSONS NOT APPEARING IN ACTIVE TAXPAYER LIST – TENTH SCHEDULE The bill proposes to abolish the concepts of “Filer” and “Non filer” and has instead introduced rules in form of...

Pakistan Budget FY 2019-20: Income Tax measures

Deatails of income tax measures in the budget FY 2019-20; Relief Measures Payment of refunds through promissory notes Huge amounts claimed by taxpayers are stuck up in refunds causing a liquidity crunch for businesses. These refunds have accumulated over a long time....

Pakistan Budget FY 2019-20: Salient features of Sales Tax and Federal Excise measures

The budgetary measures pertaining to Sales Tax & Federal Excise are primarily aimed at: RELIEF MEASURES 01. Expansion in scope of exemption allowed in respect of Tribal Areas To settle the post FATA/PATA merger scenario and to extend tax exemptions SRO 1212(I)/2018...

Pakistan Budget FY 2019-20: Salient features of Customs Duty

RELIEF MEASURES 1. To standardize printing and preservation of Holy Quran, import of good quality duty free Art paper is being allowed. 2. Exemption of CD on 18 medicinal inputs/items 3. Exemption of CD on Modular/ Particle Free Operation Theatre 4. Exemption of CD...

Pakistan Economic Survey FY19, Key Highlights

Provisional GDP growth rate clocks in at 3.3%, a 9 year low Pakistan's economy is now worth USD 257bn (PKR 38,559bn). Key growth sectors: Services 4.7%, Industrial 1.4% and Agriculture 0.9%. Major crops witnessed a decline of 6.6%. ...

Pakistan FY20 Budget Preview – A Bitter Pill

The incumbent government is set to build a strategy to navigate through complicated times where the FY20 Budget will address tough economic conditions to revive economic growth (i.e. restrict the twin deficits and target stringent revenue goals via increase...

SECP embarks on digital transformation, launches LEAP

The Chairman, Securities and Exchange Commission of Pakistan (SECP), Farrukh Sabzwari, has said that SECP is embarking on digital transformation, end-to-end process automation and enabling user environment for all its regulatees. The SECP’s project for end-to-end digital transformation and...

CPHGC unit 2 synchronized with national grid

The 660MW Unit 2 (CPHGC 2) of the China Power Hub Generation Company (Pvt.) Ltd.  2 x 660 MW coal-fired power plant was successfully synchronized with the national grid of Pakistan on May 28, 2019 as per schedule. The synchronization,...

CDC reduces annual fee by 65 percent, rationalise tariff for five years

Central Depository Company of Pakistan Limited (CDC) has reduced its annual fee and tariff structure in the larger interest of the public and to support the stock market. As the infrastructure backbone of Pakistan Capital Market, CDC’s main objective is...

Latest News

World must notice Indian repressions in IIOJ&K, says Qamar Zaman Kaira to a webinar in Canada

Like Pakistan and elsewhere in the world, Youm e Istehsal Kashmir was observed in Canada by the Pakistan High...
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